Knowing Where To Trade In Advance

One of the great advantages of pattern trading is that we know exactly what we’re looking for when we open our charts. No staring blankly at the screen, because the patterns that we trade are 100% objective in how they have to set up.

Don’t get me wrong: I’m not saying that trading is 100% objective (circumstances happen). But it can be pretty darned close, and for most people, objectivity is necessary for gaining any kind of traction, and it’s a huge advantage.

Because our patterns are objective, we know, in advance, where we’re going to buy or sell at, where the stop will go, etc. In this short video (under 4 minutes), I’ll show you an actual trade example from one of our Coach’s Corner members, and you’ll see exactly what we mean when we talk about knowing where to trade in advance (not to mention trading at extreme levels).

Risk Disclosure Statement: Trading currencies on margin involves a high level of risk which may not be suitable for all investors. Leverage can work against you just as easily as it can work for you. Before deciding to trade currencies you should carefully consider your trading and financial objectives, level of experience, and appetite for risk. The possibility exists that you could sustain a loss in excess of your deposited funds. Therefore, you should not fund a trading account with money that you cannot afford to lose. It is recommended that you seek advice from an accredited financial advisor if you have any doubts as to whether currency trading is right for you. No representation or guarantee is offered or implied as to the trading results that may be attained by applying concepts presented herein. Any losses incurred by traders unsuccessful in applying these ideas or methods are the sole responsibility of the trader and Forex Trading and Education and its principals, contractors and assigns will be held safe from prosecution in any form.